Decision Making Tool Paper - 1114 Words

Decision-Making Tool Paper Jay Dowle University of Phoenix CSS/330-Critical Thinking, Decision Making and Computer Logic Richard Renhsan November 2, 2005 Decision-Making Tool Paper In decision-making, the approach to making a decision can vary as much as the processes themselves. One must choose a process that suits him or her in helping to come to a well-formed and desirable result. Over the years, I admit that I have not used these processes as defined in my readings for this class, but I have made the decision to use some of the examples in the future. I realize that I may be better off in applying them in my everyday life as needed. I explained in my last individual paper my use of an organizational chart. I might have been†¦show more content†¦These and other factors must be weighed as pros and cons. Using the PMI tool combined with other known techniques can help you to make those decisions. However, there are times when the use of the PMI tool should not and would not be used. For example, if you have a situation that is strictly financial, you probably would not use the PMI tool exclusively. There is another tool that is better suited for financial decisions. In making decisions related strictly to money, the use of the cost/benefit analysis tool would prove to be most effective. In using this approach you would use only financial costs and benefits. The PMI tool is also useful as an add-on tool to other tools in the decision-making process. In evaluating a specific cost for a new wing to be added on to a building, you must determine costs for materials, labor etc. The PMI tool in addition to the cost/benefit analysis or other tools or techniques can be used to weigh the pros and cons of the specific materials to be used in building the new building wing. Understanding the uses of decision-making tools can help you to make better decisions that are thought out and clear. Conclusion Based on the decisions you are trying to make, there is a decision-making tool designed with an associated process that will allow you to meet your needs. These tools have been designed to make the process easier. In my various findingsShow MoreRelatedComparative Analysis Of Data Mining Tools1685 Words   |  7 Pages Comparative Analysis of Data Mining Tools Research Paper 11/16/2015 Dr. Kweku-Muata Osei-Bryson 1. Executive Summary This research paper is about the Comparative analysis of three data mining software’s selected based on four important criteria Performance, Functionality, Usability and Ancillary Tasks support. â€Å"Data Mining is a field of study that is gaining importance and is used to explore data in search of patterns or relationships between variables and is applied to new data used for predictions†Read MoreAnalysis Of Genovus Biotechnologies ( Genovus )856 Words   |  4 Pagesinformation technology tools such as email, calendar, and videoconference. 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